Financial Performance
- Finance
Woodford and Newman collected £1.5m in dividends weeks before fund suspension
Neil Woodford and his business partner Craig Newman received dividends worth £1.5m from their investment empire in the two months…
Read More » - Market
Your streaming subscriptions reshaped Disney and turbocharged Netflix — now comes making more money off you
This article is part of a series tracking the effects of the COVID-19 pandemic on major businesses and sectors. For…
Read More » - Finance
Goldman Sachs hikes pay by nearly 90% after best-ever quarter
Goldman Sachs has posted its best ever quarter as its dealmaking revenues surged amid a boom in blank cheque companies…
Read More » - Finance
Bank of America profit doubles as deal bonanza fuels 54% gain in fees
Bank of America doubled profits in the first quarter, as Wall Street lenders have been bolstered by a surge in…
Read More » - Finance
Citi posts surge in deal fees in record quarter as Spac boom rages on
Citigroup’s leading position advising on so-called blank cheque companies helped to bolster investment banking fees to record levels during the first quarter.…
Read More » - Finance
Morgan Stanley’s record quarter sees investment bank surge by 128%
Morgan Stanley rounded off a stellar first quarter for Wall Street firms with record results and a 130% surge in advisory…
Read More » - Finance
Hedge fund Millennium’s $50m meme-stock short is a sign GameStop army in retreat
The retail investing boom is showing signs of slowing down, and short sellers are seizing on the trend as Reddit…
Read More » - Finance
Regulators could gum up Spac surge
Investors are cooling to one of the hottest bets on Wall Street as new regulatory scrutiny of special-purpose acquisition companies…
Read More » - Finance
Coinbase’s popularity among Reddit’s retail brigade topped GameStop and Tesla
Retail investors lined up in droves to buy shares of cryptocurrency exchange Coinbase as it debuted on the Nasdaq, surpassing…
Read More » - Market
Alcoa says first quarter delivered strongest sales and profit in two years
Alcoa Corp. said late Thursday that its first-quarter sales and earnings were the highest since 2018, blowing past Wall Street…
Read More » - Market
Applovin stock falls nearly 20% from IPO price in debut
Applovin Corp. shares opened below their initial public offering price in their trading debut Thursday and never recovered, after IPO…
Read More » - Finance
Big banks can maintain revenue boom for years with $400bn transaction banking push
The trading bonanza that has sustained revenues at the world’s biggest lenders during the Covid-19 pandemic could be replaced with…
Read More » - Finance
JPMorgan rides boom in deals to post 400% gain in profit
JPMorgan’s investment bank surged in the first quarter, kicking off an earnings season where dealmakers are expected to bolster overall…
Read More » - Finance
Barclays stocks suffer mini flash crash
Shares in Barclays, one of the UK’s most prominent stocks, plunged 10% at the opening bell on 14 April and then…
Read More » - Market
CDC committee votes to extend the ‘pause’ for J&J’s COVID-19 shot
A Centers for Disease Control and Prevention advisory committee voted to extend the federal “pause” halting immunizations with Johnson &…
Read More » - Finance
Terry Smith pockets £30m after profits soar at Fundsmith
Terry Smith, one of the UK’s most popular stock pickers, pocketed £29.7m last year following a surge in profit and…
Read More » - Finance
Credit Suisse to cut millions from bonus pool after $4.7bn Archegos hit
Credit Suisse is set to cut millions from its bonus pool in the first quarter after the Swiss bank lost…
Read More » - Market
These stocks are cheap when you factor in how much their sales are expected to rise
With broad stock indexes near record highs, investors are worried about pullbacks — and also about overpaying for new purchases.…
Read More » - Market
Another analyst sees Tesla topping $1,000, this time because of energy business
Canaccord Genuity analyst Jed Dorsheimer on Monday joined some on Wall Street who believe Tesla Inc. stock will shoot past…
Read More » - Market
Opinion: Should you buy Coinbase? The valuation is ridiculous, based on this math
Even though Coinbase’s revenue surged over the past 12 months, the company has little to no chance of meeting the…
Read More » - Market
Stocks edge back to kick off earnings week as Powell says U.S. economy at ‘inflection point’
U.S. stocks traded modestly lower Monday at the start of a week that will see the unofficial start of first-quarter…
Read More » - Market
Alibaba shares jump in Hong Kong after record antitrust fine by China
Shares of Alibaba Group Holdings Ltd. surged more than 5% Monday in Hong Kong trading, after the e-commerce giant was…
Read More » - Market
The 30-something Cohen consolidates power at GameStop, and the Reddit crowd cheers … but the stock is so-so
GameStop’s army of Reddit traders is ecstatic over the news that Ryan Cohen has been nominated chairman of the bricks-and-mortar…
Read More » - Finance
First-quarter earnings season is about to begin: Citi is first up
First-quarter earnings season is about to begin — and investors with long-term horizons should consider using short-term options strategies to…
Read More » - Market
S&P 500 ekes out record close after Fed minutes show no hurry to tighten monetary policy
U.S. stocks closed nearly unchanged Wednesday in lackluster action, after the release of minutes from the Federal Reserve’s March policy…
Read More » - Market
These stocks seem expensive now, but in two years you may wish you’d bought them at these prices
You might be cautious about investing in companies with lofty price-to-earnings ratios as some benchmark indexes are hitting up against…
Read More » - Market
Starbucks oat-milk shortage comes as sales of plant-based food soar
Starbucks Corp. SBUX, +0.04% is experiencing an oat-milk shortage at some of its locations, a testament to the growing popularity…
Read More » - Finance
Grant Thornton says almost 90% of staff want to work from home
Accountancy firm Grant Thornton says its latest staff survey showed 88% of staff wanted to work remotely at least half of the…
Read More » - Market
Coinbase says first-quarter sales topped $1 billion
Cryptocurrency platform Coinbase Global Inc. revealed late Tuesday preliminary first-quarter revenue that topped $1 billion, surpassing revenue for all of…
Read More » - Market
Elon’s brother Kimbal Musk pockets more than $7 million from Tesla stock trades
Kimbal Musk, Elon’s younger brother, made more than $7 million trading Tesla Inc.’s stock, as he acquired shares through options…
Read More » - Finance
GameStop to sell 3.5 million shares after Reddit-fuelled trading frenzy
GameStop said it could raise hundreds of millions of dollars from stock sales in the coming months, as the videogame retailer…
Read More » - Market
Tesla is on fire, but these EV-related stocks could end up just as hot
Tesla’s first-quarter delivery numbers settled the question of whether demand for electric vehicles would strengthen and reach critical mass. It…
Read More » - Market
The IRS wants to know all about your Bitcoin holdings — and this court summons is a reminder
The IRS wants Circle, a Boston-based financial technology company enabling trade in various types of cryptocurrencies, to produce account-registration information,…
Read More » - Market
Weekend reads: These investments can help you profit from Biden’s $2.3 trillion spending plan
President Joe Biden unveiled his $2.3 trillion American Jobs Plan on March 31. It will be mainly directed toward infrastructure…
Read More » - Market
Reddit trading guru Keith Gill looks to have made over $25 million on his GameStop bet
He likes the stock. Social-media trading star Keith Gill, known by his social-media nickname Roaring Kitty posted what is believed…
Read More » - Finance
Deliveroo’s IPO flop casts doubt on London as listings hub
Shares of British food delivery app Deliveroo slumped by 30% in its stock market debut, a blow to the ambitions…
Read More » - Market
Biden infrastructure plan includes pitch for electric vehicle rebates — Tesla, GM, Nikola shares gain
The Biden administration will ask Congress to extend incentives that have spurred a U.S. electric-vehicle market that still trails EV…
Read More » - Market
Micron defends ‘disciplined’ capital spending amid chip shortage
Micron Technology Inc. shares rose in the extended session Wednesday after the Boise, Idaho-based chip maker’s earnings and outlook topped…
Read More » - Market
Coursera stock jumps 20% out of the gate on first day of trade
Coursera Inc.’s stock bolted out of the gate Wednesday on their first day of trading with shares of the the…
Read More » - Finance
‘You have to wonder what this says about Credit Suisse risk management’
Credit Suisse was dealt another blow on the heels of massive losses from the Greensill collapse, sparking worries about the…
Read More » - Finance
Credit Suisse seen halting $1.6bn buyback and kicking off restructuring amid Archegos fallout
The fallout from the Archegos Capital Management fire sale could force Credit Suisse to suspend its planned $1.6bn share buyback programme…
Read More » - Market
Tesla’s first-quarter sales likely hampered by chip and parts shortages
Tesla Inc. is expected to report first-quarter sales later this week, with Wall Street expectations dulled by ongoing chip and…
Read More » - Market
Lululemon’s direct sales nearly double in Q4
Lululemon Athletica Inc. said late Tuesday that its direct-to-consumer sales nearly doubled in the fourth quarter, making up half of…
Read More » - Market
German stocks hit record high as European banks reverse Archegos-linked tumble
European stocks continued their climb higher on Tuesday, with Germany’s key index opening to a new high, as the market…
Read More » - Finance
Numis expects 75% revenue boost post pandemic as investment bank fees surge
UK investment bank Numis said it expects to report revenue of £110m for the six months to 31 March, up…
Read More » - Finance
Goldman Sachs, Morgan Stanley act quickly to curb losses with swift sale of Archegos assets
Goldman Sachs and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with…
Read More » - Finance
Deutsche Bank names Campelli as head of investment bank amid raft of board changes
Deutsche Bank has named Fabrizio Campelli to lead its investment bank — part of a raft of board changes — as…
Read More » - Market
Banks pressured after U.S. fund wilts
Shares of Europe’s largest banks dropped on Monday after extending credit to a major client that couldn’t meet its obligations.…
Read More » - Finance
Credit Suisse and Nomura face ‘significant’ losses over exposure to $20bn firesale
Nomura and Credit Suisse have warned that they face significant losses over the sale of around $20bn in US and…
Read More » - Market
SEC tells BlackBerry to stop using non-GAAP revenue metric first highlighted by MarketWatch
BlackBerry Ltd. has agreed to stop adjusting its revenue, an issue highlighted by MarketWatch in the past, after receiving a…
Read More »
